Greece will not get a deal Tuesday. European Commission President Jean-Claude Juncker lashed out against Greek Prime Minister Alexis Tsipras and his government, saying: "I'm very saddened that the Greek delegation left the negotiating table — you don't do that in Europe. It was a big mistake. We must try and find a solution. It can't be done today — that would be to simplistic. Today we'll pave the way, through talks and mutual understanding, to put things in order. The ball lies in the Greek government's court." A Barclays note Sunday warned that the country was likely to run out of cash on July 20. Greece's two-year yield is up 65 basis points at 51.56%.

Crude oil is bouncing. West Texas Intermediate crude oil is higher by 0.4% at $52.90 a barrel. The energy component hit a high of $53.40 but recently surrendered most of its gains. On Monday, crude oil touched a low of $50.41 per barrel, its weakest since the beginning of April.

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Saudi Arabia is investing in Russia. Saudi Arabia's Public Investment Fund announced plans to invest $10 billion in the Russia Direct Investment Fund over the next five years. "This deal is about building an important partnership. Russia needs to be an integrated global player. We are also going to invest in Saudi Arabia, which is a very attractive market for us, so the deal is very interesting," RDIF CEO Kirill Dmitriev told CNBC.

A Korean court again ruled in favor of Samsung. Bloomberg reports, "The Seoul Central District Court rejected a request to stop Samsung ally KCC Corp. from using treasury shares bought from Samsung C&T Corp. to vote on a proposed takeover by affiliate Cheil Industries Inc." The ruling is a blow to activist hedge fund manager Paul Singer, who is attempting to block the deal, arguing it undermines shareholder interest. Singer says he will appeal the ruling.

Advanced Micro Devices lowered its revenue guidance. The chipmaker announced second-quarter revenue would be about 8% lower than the first quarter, coming in around $948 million. AMD cited weak PC demand for the downbeat forecast.

US economic data flows. Data begins at 8:30 a.m. ET with the release of the trade balance, and concludes with JOLTs — Job Openings at 10 a.m. ET and consumer credit at 3 p.m. ET. The Treasury will auction $24 billion three-year notes. The US 10-year yield is lower by 5 basis points at 2.23%.